manage sold 55% on earlier today at 1.14,and early evening at 1.13 just release the burden secure back capital and lock a bit profit with balance share on hand old man back on strong position if up more will hold if down back will top up more tut tut
insider also told me a new plant will be set-up in batu gajah. perak govt is setting up gas pipe to that area soon. A cheap energy source for glove sector.
below is just scenario study on comfort future business activities:
[a] matang plant need at least 2-3yrs to 100% complete new plant + machinery and run 100% cap. current cashflow + future bank loan can support this activities. mb they can hit 7b cap.
[b] batu gajah propose plant it might be 5 yrs later and possible double up the cap become 15b. possible need cash call for this expansion. cash call can be done with: = private placement or RI = have BI on share and warrant this year with warrant expiry date 5 yrs later.
for better understanding on their expansion, can ask famous fortune teller in perak. hehe... Njoy
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JamesAKNG
7 posts
Posted by JamesAKNG > 2018-02-20 11:31 | Report Abuse
is that why it jumped from 1.06 to 1.13 in just minutes lol ?